The Master of Business Economics is an interdisciplinary program offered by the Department of Economics in conjunction with the Faculty of Business. The Master's program includes three academic terms on campus and two Co-op internship terms of practical work experience. The program takes twenty months to complete, including the two Co-op placements. The residency requirement is three terms on campus.

Successful completion of an Honours Bachelor's degree, or equivalent, in a relevant discipline, with a minimum overall average of B+. Applicants must have econometrics and mathematical economics background at the undergraduate honours level. Applicants must demonstrate proficiency in English and suitability for Co-op placement.
The Graduate Admissions Committee will review all applications and recommend admission for a limited number of suitable candidates.
Part-time study is not available.

Candidates are required to complete ECON 5P01 Microeconomic Theory, ECON 5P02 Macroeconomic Theory, ECON 5P03 Econometrics, ECON 5P04 Topics in Applied Economics, one additional Economics half-course, three Business courses (chosen from the Business courses listed below), and ECON 5F00 Research Essay, together with satisfactory completion of ECON 5N90 Internship Training and Development and ECON 5N01 Internship Placement I and ECON 5N02 Internship Placement II. Incoming students will take ECON 5N11Mathematics and Statistics Review for Economists in August before the start of Fall Term classes.
The normal pattern of courses is:
Fall Term: ECON 5P01, 5P02, 5P03, 0.5 credit Business, ECON 5N90
Winter Term: ECON 5P04, 0.5 credit ECON, 1 credit Business
Spring/Summer Term: Internship Placement I
Fall Term: Internship Placement II
Winter Term: ECON 5F00 Research Essay
The Business courses are to be selected from among the following, a selection of which will be offered each year (see MBA Program for course descriptions):
MBAB 5P01Accounting for Decision-Making I
MBAB 5P05 Marketing ManagementMBAB 5P06Accounting for Decision-Making II
MBAB 5P07 Operations ManagementMBAB 5P08 Financial ManagementMBAB 5P20 Applied Business Research
MBAB 5P22 Global Business
MBAB 5P24 Business Law
MBAB 5P41 Financial Statement Analysis
MBAB 5P42 Equity Investments, Markets, and Instruments
MBAB 5P43 Debt Investments
MBAB 5P44 Derivative Instruments
MBAB 5P45 International Finance
MBAB 5P46 Portfolio Management and Alternative Investments
Any student who has not previously completed an Accounting course must take MBAB 5P01Accounting for Decision-Making I as one of her or his Business courses. Any student who has not previously completed a Finance course must take at least one Finance course among her or his Business courses.

Note: Not all courses are offered in every session. Students must consult with the Graduate Program Director regarding course offerings and course selection and must have their course selections approved by the Graduate Program Director each term. Refer to the Timetable for scheduling information:
http://www.brocku.ca/registrar/guides/grad/timetable/terms.phpECON 5F00
Research Essay
Reading and research under the supervision of a faculty member from Economics or Business. A presentation of the research in progress will be scheduled by the Graduate Program Director in consultation with the Essay supervisor.
ECON 5N01
Internship Placement I
Internship work placement (4 months) with an approved employer.
ECON 5N02
Internship Placement II
Internship work placement (4 months) with an approved employer.
ECON 5N04
Internship Placement III
Internship work placement (4 months) with an approved employer.
ECON 5N11
Mathematics and Statistics Review for Economists
This course will review sets and functions, matrix algebra, constrained and unconstrained optimization, and probability theory. This is a non-credit course and is required for all students.
ECON 5N90
Internship Training and Development
Framework for the development of learning objectives by students for individual work terms. Includes orientation to the internship experience, goal setting, résumé preparation, interview skills preparation.
ECON 5P01
Microeconomic Theory
The economic theory of individual and business decision making with emphasis on market structure and business strategy. Topics include consumer theory, the theory of the firm, imperfect competition, game theory, as well as the economics of information and uncertainty.
ECON 5P02
Macroeconomic Theory
Modern macroeconomic analysis is used to study the determination of the level of economic activity and the factors contributing to long-term growth. Important social issues such as unemployment and inflation are examined in order to identify their causes, consequences, and possible cures. The instruments of government policy, fiscal and monetary, are analyzed in the same context.
ECON 5P03
Econometrics
Econometric theory and methods covering the basic linear and nonlinear regression models, dynamic models, hypothesis testing, confidence intervals with extensions to the case of instrumental variables, the generalized method of moments and the method of maximum likelihood. Cross-section and time-series examples.
ECON 5P04
Topics in Applied Economics
An examination of economic theories and empirical techniques to investigate applied problems relevant to the area of business economics. Topics include time-series and cross-section econometrics, with application to forecasting, financial, and marketing problems.
ECON 5P05
Cost-Benefit Analysis, Project Appraisal, and Decision Analysis
A theoretical and empirical treatment of rational decision making, including cost-benefit and cost-effectiveness analysis, and their application to project evaluation.
ECON 5P06
Labour Economics
Economics of the labour market, components of the demand and supply of labour to yield simple models of wage determination. The effects of compensating wage differentials, human capital accumulation and signaling, discrimination, incentive wages and labour unions. The causes of unemployment, search theory, implicit contract and efficiency wages. Public policy issues, minimum wages, mandatory retirement and immigration.
ECON 5P07
International Trade
International trade theory and the political economy of trade policies. Topics include endogenous growth and trade, tariff and non-tariff barriers to trade, international economic integration, and factor mobility.
ECON 5P08
International Payments
An advanced treatment of open-economy macroeconomic issues including international capital, goods, and services flows. Such flows complicate the conduct of national monetary and fiscal policies while, at the same time, providing opportunities for economic growth.
ECON 5P09
Industrial Organization
Strategic analysis of conflict and cooperation with applications to market structure and the behaviour of firms. Topics may include price discrimination, advertising, oligopoly, product differentiation, and antitrust issues.
ECON 5P10
Environmental and Natural Resource Economics
A rigorous coverage of the economic analysis of natural resources such as oil, fisheries, forests, and water and environmental impact upon an economy. Emphasis is placed on the development of theoretical models for the efficient and sustainable use of resources and on the design of appropriate government policies in the event of market failure. The analysis is complemented by an examination of specific real-world cases and government policies.